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Colombia To Seek Oil Off San Andres Island With Jamaican Company
The Colombian oil-licensing agency, known as ANH for its Spanish acronym, will team up with Jamaica’s state-owned oil company to search for oil off San Andres island in the Caribbean, ANH Director Armando Zamora said Friday.
Zamora said both companies will carry out studies in the area between San Andres – which belongs to Colombia and [...]
Bolivia says to look for Amazon oil with Venezuela
The state oil firms of Venezuela and Bolivia hope to start exploration in an Amazon national park next year as part of joint projects involving an investment of more than $1 billion, Bolivia’s government said on Wednesday.
Venezuelan President Hugo Chavez is a close ideological ally of Bolivia’s leftist leader, Evo Morales, and state-run PDVSA promised [...]
Six Projects Totaling 25,000 Meters of Drilling Slated for 2007
Solitario Resources Corporation announces that drilling has commenced on three of its exploration properties as part of the most aggressive drilling campaign in its corporate history. A total of 25,000 meters of drilling is currently anticipated on six separate projects located in Mexico, Brazil, Peru and Bolivia. Over 80% of this drilling will be 100% [...]
Bolivia to make mining firms sign JVs
Bolivia will no longer grant concessions to mining firms under a decree issued by the leftist government this month, instead making them sign joint-venture deals with the state, the country`s mining minister said.
The decree signed by President Evo Morales on May 1 means foreign miners wanting to explore or mine land in the mineral-rich South [...]
Venezuela strips oil giants of £15bn crude projects
Venezuela stripped the world’s biggest oil companies of operational control over massive Orinoco Belt crude projects on Tuesday, a vital move in President Hugo Chavez’s nationalisation drive.
The May Day takeover came exactly a year after Bolivian President Evo Morales, a leftist ally of Chavez, startled investors by ordering troops to seize his country’s gas fields, [...]
Altered Picture for Big Oil Reserves Three Years After Shell
As a crystal ball into the energy industry’s prospects, proved crude-oil and natural-gas reserves aren’t as clear as they used to be, at least not for the biggest oil companies.
While energy investors still look to the annual computation of these hydrocarbons in the ground for all energy companies, Wall Street’s assessment of Exxon Mobil Corp. [...]
China Targets 9 Oil- and Gas-Producing Countries for Energy Investment
China stepped up efforts Thursday to secure access to foreign energy, adding nine oil- and gas-producing countries to a list of economies where its companies are offered incentives to invest.
Chinese companies can get tax breaks or other incentives for investing in oil and gas industries in Kuwait, Qatar, Oman, Morocco, Libya, Niger, Norway, Ecuador and [...]
China Targets 9 Oil- and Gas-Producing Countries for Energy Investment
China stepped up efforts Thursday to secure access to foreign energy, adding nine oil- and gas-producing countries to a list of economies where its companies are offered incentives to invest.
Chinese companies can get tax breaks or other incentives for investing in oil and gas industries in Kuwait, Qatar, Oman, Morocco, Libya, Niger, Norway, Ecuador and [...]
Leaders of Brazil, Bolivia Reach Deal on Natural Gas Prices
President Luiz Inacio Lula da Silva and Bolivian President Evo Morales reached a deal late Wednesday on how much Brazil will pay for Bolivian natural gas, apparently resolving an issue that has deeply divided the neighboring nations for a year.
After a marathon bargaining session, top Silva adviser Marco Aurelio Garcia told reporters a new pricing [...]
